Park National Corp OH reduced its holdings in United Parcel Service, Inc. (NYSE:UPS) by 5.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,503 shares of the transportation company’s stock after selling 2,355 shares during the period. Park National Corp OH’s holdings in United Parcel Service were worth $4,596,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Exeter Financial LLC boosted its stake in shares of United Parcel Service by 11.0% in the first quarter. Exeter Financial LLC now owns 16,536 shares of the transportation company’s stock worth $1,848,000 after acquiring an additional 1,644 shares during the last quarter. Lockheed Martin Investment Management Co. acquired a new stake in shares of United Parcel Service in the first quarter worth approximately $4,648,000. Laurel Wealth Advisors Inc. boosted its stake in shares of United Parcel Service by 7.9% in the first quarter. Laurel Wealth Advisors Inc. now owns 26,779 shares of the transportation company’s stock worth $2,992,000 after acquiring an additional 1,953 shares during the last quarter. Zions Bancorporation N.A. acquired a new stake in shares of United Parcel Service in the first quarter worth approximately $1,791,000. Finally, CI Investments Inc. boosted its stake in shares of United Parcel Service by 35.3% in the fourth quarter. CI Investments Inc. now owns 816,743 shares of the transportation company’s stock worth $79,657,000 after acquiring an additional 213,000 shares during the last quarter. 55.49% of the stock is currently owned by institutional investors.
In other United Parcel Service news, SVP Norman M. Brothers, Jr. sold 1,500 shares of United Parcel Service stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $106.03, for a total value of $159,045.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.17% of the stock is owned by insiders.
United Parcel Service stock traded up $1.26 during trading on Tuesday, reaching $105.27. 3,360,094 shares of the company were exchanged, compared to its average volume of 3,158,037. United Parcel Service, Inc. has a 52-week low of $89.89 and a 52-week high of $125.09. The firm has a market capitalization of $89.75 billion, a P/E ratio of 14.54, a P/E/G ratio of 1.59 and a beta of 1.23. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 5.85. The firm’s 50 day moving average price is $101.79.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.39 EPS for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.03). United Parcel Service had a return on equity of 205.26% and a net margin of 6.34%. The company had revenue of $17.16 billion for the quarter, compared to analysts’ expectations of $17.79 billion. During the same quarter in the previous year, the business posted $1.55 EPS. The business’s quarterly revenue was up .3% compared to the same quarter last year. Equities research analysts predict that United Parcel Service, Inc. will post 7.46 earnings per share for the current year.
A number of analysts have recently issued reports on UPS shares. Raymond James set a $33.00 price target on LKQ and gave the stock a “buy” rating in a research note on Friday, April 26th. Berenberg Bank raised easyJet to a “hold” rating in a research note on Monday, April 1st. Deutsche Bank reiterated a “hold” rating on shares of United Parcel Service in a research report on Tuesday, July 2nd. UBS Group lifted their price objective on Zscaler from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, May 31st. Finally, Zacks Investment Research upgraded Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $117.64.
United Parcel Service Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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